One lakh, or 100,000 rupees, is equivalent to $1498.21 US dollars. The lakh is a Hindi phrase that is used throughout southern Asia to represent 100,000 of something, but it is most typically used to refer to enormous sums of Indian rupees.
In India, Pakistan, Myanmar, Nepal, Bangladesh, and Sri Lanka, the lakh is used in official situations. The pluralizing “s” can be placed on the word “lakh” or omitted when the word is used in Indian or Pakistani English; the pluralizing “s” can be placed on the word “lakh” or omitted. Both “five lakhs of rupees” and “five lakhs of rupees” are acceptable.